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A friend has approached you that he or she seeks to sell you a business that supposedly is worth US$5 million. Upon completion of your

A friend has approached you that he or she seeks to sell you a business that supposedly is worth US$5 million. Upon completion of your due diligence, independently, you arrive at a valuation of US$5 million for the business. Given you are interested in purchase of the business, how much should you offer for the business?

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